My Godfather took all the loans and credit he could, just before the collapse

C

Cicero

just before hyperinflation and complete economic meltdown, my godfather took out and cashed 50 000 in cash

and with other credit loans bought lots of land worth over 400 000

he never paid back a dime

Why?

well there was civil war and all the banks were burned, so no one ever asked him for their money :D This was 20 years ago almost


So when do we load up on credit and credit cards, is it time yet :)
 
what godforsaken country was this incident, oh pray tell?

(The US did not have a "civil war" 20-years ago, so it must have been in Africa? )
Quote from Cicero:

just before hyperinflation and complete economic meltdown, my godfather took out and cashed 50 000 in cash

and with other credit loans bought lots of land worth over 400 000

he never paid back a dime

Why?

well there was civil war and all the banks were burned, so no one ever asked him for their money :D This was 20 years ago almost


So when do we load up on credit and credit cards, is it time yet :)
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Quote from loza:

what godforsaken country was this incident, oh pray tell?

(The US did not have a "civil war" 20-years ago, so it must have been in Africa? )
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Yugoslavia 1990, that little country next to Italy, below Austria :)
 
Quote from Cicero:

so anybody has any ideas, when do we load up on credit we'll never pay back ?
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Dude, go for it now. WTF you waiting for?

I would get all the money you could and stash it away.
 
Quote from StockBagger:

Dude, go for it now. WTF you waiting for?

I would get all the money you could and stash it away.
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cash is worthless you gotta buy land or gold

if US government can take debt they never plan on paying back, Why can't I do the same
 
COLD, you think that buying land will work??? The govt, military, hell a survivalist group will come on your land and TAKE it from you if they want.

Nothing is sacred.

Quote from Cicero:

cash is worthless you gotta buy land or gold

if US government can take debt they never plan on paying back, Why can't I do the same
More...
 
Quote from R. Raskolnikov:

COLD, you think that buying land will work??? The govt, military, hell a survivalist group will come on your land and TAKE it from you if they want.

Nothing is sacred.
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+1 ... :eek:
 
Quote from MandelbrotSet:

+1 ... :eek:
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the best way to profit from what is going to happen is to not lose anything. the chances of maintaining wealth is unlikely let alone making it.

i think you underestimate the severity of the situation ask buylosellhi.
 
Quote from morganist:

i think you underestimate the severity of the situation ask buylosellhi.
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I'm best buds with BLSH (LOL), I know all about how bad things are, despite the rose colored glasses folks are wearing.

I just don't think buying land and defaulting on it is the thing to do (as you have staed in your post), and I was agreeing with R. RAS that a mob could be a pretty bad thing to deal with.
 
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